Oaktree surpasses $1.75bn target for second RE debt fund

The alternative asset management behemoth has exceeded its fundraising goal by almost $450m.

Oaktree Capital Management has beaten the target for its latest real estate credit vehicle after closing on more than $900 million in the first four-and-a-half months of the year.

The Los Angeles-based credit manager has rounded up $2.18 billion for its Oaktree Real Estate Debt Fund II against a $1.75